Atlanta and Fulton County Recreation, Ga., preps $75 million bond deal

By Sheri Kasprzak

New York, Nov. 17 – The Atlanta and Fulton County Recreation Authority is expected to come to market on Tuesday with $75 million of series 2014 park improvement revenue and refunding bonds, according to a preliminary official statement.

The bonds (Aa2/A+/) will be offered through senior manager Stifel, Nicolaus & Co. Inc. The co-managers are CastleOak Securities LP; Sterne, Agee & Leach Inc.; IFS Securities; and SecurityCapital.

The deal includes $65 million of series 2014A bonds and $10 million of series 2014B taxable bonds.

The maturities have not been set.

Proceeds will be used to acquire, construct, improve and renovate recreational facilities, including golf courses, athletic fields, public zoos and related facilities, as well as to refund the authority’s series 2005A-B revenue bonds.

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